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Energie & Management > Commentary - Market - Sense of direction
Commentary

Market - Sense of direction

The market traded down a couple of NOK in a calm Tuesday morning market, seeing V1-04 remain around and just below 320 NOK/MWh. “It feels right to have a look around at this level,” a Swedish trader argued, but added that the direction ahead should be down.
A lack of inspiration had taken over for the eagerness to push prices much more down this morning, the trader held. But with the current weather trend he considered the odds still very good on the downside.- The market is consolidating, which is natural and just fine at this level, and we all see that the risk premium has become considerably lower than it was as the weather prognoses sho

Dienstag, 9.12.2003, 11:43 Uhr
Energie & Management > Commentary - Market - Sense of direction
Commentary
Market - Sense of direction
The market traded down a couple of NOK in a calm Tuesday morning market, seeing V1-04 remain around and just below 320 NOK/MWh. “It feels right to have a look around at this level,” a Swedish trader argued, but added that the direction ahead should be down.
A lack of inspiration had taken over for the eagerness to push prices much more down this morning, the trader held. But with the current weather trend he considered the odds still very good on the downside.- The market is consolidating, which is natural and just fine at this level, and we all see that the risk premium has become considerably lower than it was as the weather prognoses sho

Dienstag, 9.12.2003, 11:43 Uhr

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